Orderblock
GBPNZD Trade Idea / Speculation - 12 hour Long BlockGBPNZD
- 12 hour time frame
- Long block on the 12 hour and Daily.
- Momentum on the downtrend has slowed and is now creating support off the block and trend line.
- I do not follow news religiously but BREXIT appears to be happening which would strengthen the pound and NZD may be looking for a retrace as highs are being hit on many NZD pairs.
- I highlighted two bullish engulfing candles, focus on the current one on trend, and on block. I want to see price come a little lower. I have not entered this trade so no long position icon is shown.
USDCAD Daily - Long BlockUSDCAD
- Bullish engulfing creating an order block
- Price currently creating support off trend
- Looking for price to hit at least 1.32000 mark before continuing up / retracing
- There is bullish USD news this week which could be our catalyst for a move upward
- SL placed below previous lows at 1.30050 / Entry at 1.30650
NZDCHF SHORT Keeping it simple here,
- We have two nice clear trend lines that have been respected previously
- Our daily OB has given us some nice resistance timing perfectly with the trend
- RSI is showing overbought
Playing it safe with a tight stop just above the wicks from the last few days or where ever you feel comfortable
Please comment if you find my idea useful :)
GBPCHF 4 hour Sell Limit Block - December 3, 2019GBPCHF 4 hour retest
- This entry coincides with the daily GBPCHF short posted before this one. Looking for a retest off the uptrend to create a downtrend move.
- There is heavy liquidity below for price to soak up and touch the uptrend line once more.
XAUUSD Short on the 12hour and Daily - December 3, 2019Waiting for momentum to slow on a high timeframe, particularly the 12 hour with a rejection around 1483-1485 and Stop Loss at 1495. Price is at a strong previous support and now may be looking for a retest around the previous pullback on the swing low.
AUDUSD - 4hour Order Block - November 27, 2019AUDUSD 4 hour
- There are a few nice pullbacks in the area around where the order block was formed. The one highlighted shows an area not tested yet. There are also around 3 touches to the downtrend trend. AUDUSD may be close to making it's last move to the downside before we begin to see momentum slowing down.
EURUSD 12 hour bullish block - November 26, 2019The bullish candle following the bearish candle in the block formation is a big shadow. This is on a higher time frame, so I'm looking for additional support but I see momentum slowing and I believe EURUSD is prepared to make it's next move up.
- I also decided to change the color a bit to make it look cooler
Short-Long on AUDCAD 4 hour 2 blocks - November 25, 2019Possible Short then Long on AUDCAD 4 hour.
- More geared towards going long on AUDCAD but the sell block may be hit which could bring us to our long entry. The short would have a TP at its previous low and long would have it's TP at its previous high then at equal highs for TP2.